# Top 50 Startup Investors in Latvia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| ZGI Capital | 23 | Latvia, Estonia | Seed, Debt Financing | Manufacturing, Machinery Manufacturing, Consulting |
| FlyCap | 18 | Latvia, Estonia, The Netherlands | Seed, Debt Financing | Health Care, Consumer Goods, Medical |
| Imprimatur Capital Fund Management | 4 | Latvia, Finland, United Kingdom | Seed, Series A | Software, Music, Biotechnology |
| Uldis Sipols | 4 | Latvia | Seed, Angel, Pre-Seed | CAD, Software, Simulation |
| EstBAN | 4 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Angel | Software, Information Technology, EdTech |
| Karma Ventures | 3 | Estonia, Sweden, Finland | Series A, Seed, Series B | Software, Artificial Intelligence, Information Technology |
| New Nordic Ventures | 3 | Latvia, Estonia, United States | Pre-Seed, Seed | Software, Machine Learning, Artificial Intelligence |
| Sverre Bisgaard | 3 | Latvia | Pre-Seed | CAD, Software, Simulation |
| Taavi Tamkivi | 3 | Estonia, Latvia, United Kingdom | Seed, Angel, Pre-Seed | Financial Services, Software, AgTech |
| Superangel | 3 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech |
| Qiming Venture Partners USA | 2 | United States, China, Latvia | Series A, Series B, Seed | Biotechnology, Health Care, Pharmaceutical |
| Indrikis Liepa | 2 | Latvia | Pre-Seed | CAD, Software, Simulation |
| Nicolai Torgersen | 2 | Latvia | Pre-Seed | CAD, Software, Simulation |
| Povilas Urbonas | 2 | Latvia | Pre-Seed | CAD, Software, Simulation |
| The Untitled Venture Company | 2 | United States, Russian Federation, Latvia | Seed, Pre-Seed, Convertible Note | SaaS, Software, Information Technology |
| Capitalia | 2 | Latvia, Sweden, Lithuania | Seed, Debt Financing | Software, CAD, Apps |
| Ragnar Sass | 2 | Estonia, United States, United Kingdom | Pre-Seed, Seed | Software, Information Technology, SaaS |
| Abingworth | 2 | United States, United Kingdom, Switzerland | Series B, Series A, Series C | Biotechnology, Health Care, Pharmaceutical |
| Lauris Liepa | 2 | Latvia | Pre-Seed | CAD, Software, Simulation |
| Almaz Capital | 2 | United States, Russian Federation, Latvia | Series A, Series B | Software, Mobile, Internet |
| Change Ventures | 2 | Estonia, Lithuania, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| European regional development fund (ERDF) | 2 | United Kingdom, Germany, France | Grant, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Base Ventures | 2 | United States, Canada, Latvia | Seed, Series A | Software, Mobile, E-Commerce |
| Inventure | 2 | Finland, Sweden, Denmark | Seed, Series A | Software, Information Technology, Health Care |
| Mistletoe | 2 | Japan, United States, India | Seed, Series A | Information Technology, Software, Education |
| Practica Capital | 2 | Lithuania, United Kingdom, United States | Seed, Series A | Information Technology, Software, B2B |
| Chris Sang | 1 | United States, Australia, India | Seed, Pre-Seed, Series A | Software, E-Commerce, Mobile |
| BaltCap | 1 | Latvia, Lithuania, United States | Seed, Series A, Series B | Mobile, Information Technology, Apps |
| AdFirst.vc | 1 | United States, Russian Federation, Latvia | Seed, Pre-Seed, Series A | E-Learning, Mobile Apps, FinTech |
| SMOK Ventures | 1 | Poland, Ukraine, United States | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Mail.Ru Group | 1 | Russian Federation, United States, Cyprus | Seed, Series A | Social Media, Mobile Apps, Education |
| Expansion Capital | 1 | Latvia, Estonia | Seed, Series A | Drones, Big Data, Software |
| Artis Kehris | 1 | Estonia, Latvia, Australia | Seed, Pre-Seed | Information Technology, Information Services, Legal |
| Citadel | 1 | United States, India, Latvia | Series A, Series C, Seed | Biotechnology, Information Technology, Health Care |
| Amazon Web Services | 1 | United States, Lebanon, United Kingdom | Grant, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Toivo Annus | 1 | Singapore, United States, Estonia | Seed, Series A | E-Commerce, Software, FinTech |
| Taver Capital Partners | 1 | United States, India, Latvia | Seed, Series A | Artificial Intelligence, Machine Learning, Software |
| Seraph Group | 1 | United States, Latvia, Taiwan | Seed, Series A, Series B | Software, Health Care, Analytics |
| Jay Zaveri | 1 | United States, Japan, Canada | Seed, Series A | Health Care, Biotechnology, Information Technology |
| Alex Hofmann | 1 | Latvia | Seed | Mobile Apps, Social Media, Social Network |
| Roche Venture Fund | 1 | United States, United Kingdom, Spain | Series B, Series A, Series C | Biotechnology, Health Care, Therapeutics |
| Smartup Ventures | 1 | Iran, Latvia, United Arab Emirates | Seed, Series A, Series B | Information Technology, E-Commerce, CRM |
| Vinny Lingham | 1 | United States, South Africa, United Kingdom | Seed, Angel | Blockchain, Internet, Cryptocurrency |
| Marat Kichikov | 1 | United States, Canada, Latvia | Seed, Series A, Pre-Seed | Software, Education, Cryptocurrency |
| Wistron Corporation | 1 | Taiwan, United States, Hong Kong | Seed, Series B, Series A | Artificial Intelligence, Software, Machine Learning |
| Sune Alstrup | 1 | Denmark, Sweden, France | Seed, Pre-Seed, Angel | Software, Artificial Intelligence, Computer Vision |
| Elar Nellis | 1 | Latvia, Estonia, United States | Seed, Angel, Pre-Seed | Software, CAD, SaaS |
| SeedBlink | 1 | Romania, United States, United Kingdom | Seed, Pre-Seed, Series A | Software, Information Technology, SaaS |
| Merito Partners | 1 | Latvia | Seed, Private Equity | Furniture, Smart Home, Smart Building |
| Microsoft for Startups | 1 | United States, India, Canada | Seed, Grant | Software, Information Technology, SaaS |

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